Gold Loans

Muthoot Finance to go slow on MFI biz amid stress in the segment: MD

George Alexander Muthoot says the firm will prioritise gold loans due to strong demand and regulatory pressure on unsecured lending, as MFI exposure is scaled down

Muthoot Finance drops 5% even as AUM hits record high; Q4 breakdown here

Muthoot Finance stock fell as much as 5.22 per cent during the day to ₹2,142 per share, the biggest intraday loss since April 11 this year

L&T Finance Q4 results: Profit rises 15% to ₹636 cr, revenue at ₹4,027 cr

Retail-focused non-bank lender L&T Finance Holdings on Friday reported a 15 per cent rise in consolidated net profit to Rs 636 crore for the January-March quarter of 2024-25. The company had earned a net profit of Rs 554 crore in the corresponding quarter of the previous financial year. During the quarter, the NBFC's total income increased to Rs 4,027 crore from Rs 3,676 crore a year ago, L&T Finance said in a regulatory filing. Interest income grew to Rs 3,750 crore during the period under review, from Rs 3,323 crore in the corresponding quarter a year ago. Retail disbursements rose to Rs 14,899 crore as compared to Rs 15,044 crore in the last quarter of the previous year. The NBFC firm plans to foray into gold loans and entered into a business transfer agreement with Paul Merchants Finance Pvt Ltd for the proposed acquisition of their gold loan business undertaking by way of a slump sale on a going concern basis, subject to fulfilment of customary closing conditions. "The ...

TMB to continue growing gold loan business in FY26, says MD & CEO Nair

The bank's total gold loan portfolio as of March 31 is a little over Rs 18,000 crore

RBI's gold loan norms welcome, but NBFC-bank parity is essential

It is essential to understand that the very purpose of the existence of NBFCs is to issue loans that banks, with their fragile capital structure, cannot issue

RBI's draft gold loan norms: Compliance cost may rise for lenders

Banks, NBFCs need to adopt standardised documentation across all branches

Poonawalla Fincorp forays into gold loan biz with quick financing solutions

Poonawalla Fincorp's entry into the gold loan business comes after the Reserve Bank of India (RBI) released draft guidelines on gold loans

Proposed RBI norms may hit gold-loan NBFCs in near term: Analysts

Some analysts noted that gold loan financiers may consider increasing interest rates on such loans

RBI issues draft rules for gold loans to standardise norms across lenders

RBI said the policy will strengthen conduct-related aspects, with lending norms integrated into lenders' credit/risk management policies

Shriram Finance aims to increase market share in gold loan business

Shriram Finance Ltd, the flagship company of the diversified conglomerate Shriram Group is looking to consolidate its gold loan business and increase the market share in the coming quarters. On the back of organised gold loan market expected to double in the next five years, the company has drawn up plans to introduce gold loan business in more branch networks. "In Q3FY25, the gold loan Assets Under Management (AUM) in Shriram Finance Ltd's Tamil Nadu branches in North Coastal, Kancheepuram and Salem, Krishnagiri and Tiruvallur zones grew significantly. We are now looking to consolidate and grow our market share in the coming quarters and a part of our plan is to introduce gold loan business in more branches," company Deputy Managing Director Anbuselvam said. The demand for gold has surged as individuals and small businesses seek quick access to funds, aligning with the national trend of rapid expansion in the organised gold loan industry, the company said in a statement here on ...

RBI set to ask lenders to tighten gold loan processes, monitor fund usage

The Reserve Bank of India wants banks and non-banks to also bolster background checks on borrowers and ascertain the ownership of the gold that is being mortgaged

Economy deep in 'Modi-made crisis', claims Congress on rising gold loans

The Congress on Tuesday flagged the issue of rise in gold loans and claimed that the Indian economy is "deep in a Modi-made crisis". Congress general secretary in-charge communications cited the February RBI data and pointed out that gold loans had jumped a whopping 71.3%. "India's economy is deep in a Modi-made crisis. Recall that by 2024, widespread and persistent economic stagnation had resulted in a 300% growth in gold loans in just 5 years. Gold loans crossed the Rs. 1 lakh crore mark for the first time ever," Ramesh said on X. "The bad news for India's women now continues to pile up. In February 2025, RBI data showed that gold loans had jumped a whopping 71.3%," he said. While bank credit in every other sector has slowed, from housing loans to car loans, distress lending such as gold loans is peaking, Ramesh said. Not just that, a Cibil-NITI Aayog report showed that gold loans make up nearly 40% of all credit issued to women, and the number of women forced to put up their ..

How to Apply for a Gold Loan Online A Step-by-Step Guide

.

L&T Finance to make gold loan biz foray with Rs 537 crore PFML buy

The agreement is subject to necessary approvals and the fulfilment of all conditions precedent to closing

Bank gold loan disbursals up 71.3% to Rs 1.72 trillion in 9MFY25

The gold loan portfolio of banks rose by 71.3 per cent year-on-year (Y-o-Y) till December 2024 to Rs 1.72 trillion

Sharp rise in gold loan defaults worries banks and NBFCs, increase by 30%

Commercial banks reported a 62 per cent increase in gold loan NPAs, which rose to Rs 2,445 crore in June 2024 from Rs 1,513 crore in March 2024

Indel Money to raise up to Rs 150 cr via NCDs to fund growth plans

Gold loan financier Indel Money on Monday said it plans to raise up to Rs 150 crore through non-convertible debentures to fund business growth. The issue, which is open from October 21 to November 4, has an option of early closure in case of early over-subscription, Indel Money said in a statement. The funds raised through this issue will be used for the purpose of onward lending, financing, and for repayment/prepayment of principal and interest on borrowings of the company and general corporate purposes, it said. The company expects to penetrate new markets and expand its customer base in rural and semi-urban markets where a large portion of the population has limited access to credit, it said. Gold loan accounts for 91.82 per cent of the company's loan portfolio. The company has a network of 324 branches.

Piramal Capital and Housing Finance eyeing to double retail AUM in 3 years

To enter gold loans, microfinance loans, and co-branded card segment; Co. to tap the dollar bond market soon

Gold financiers under RBI's lens: Muthoot, Manappuram Finance slip over 3%

Muthoot Finance, Manappuram Finance shares slipped after the RBI found several irregular practices being followed by gold loan financiers

Organised gold loans offered by banks, NBFCs may top Rs 10 trn by FY25

The gold loan segment has expanded at a compound annual growth rate (CAGR) of 25 per cent between FY20 and FY24, Icra said